Enter your email address below and we'll send you a email message containing your new password.
If you don’t have steelmall account.
Other
Login
Shop All Categories
Previous: SCHMOLZ + BICKENBACH Settles With German Federal Cartel Office
Next: MMK and Deloitte Compiles Portfolio of Business Projects for Digitalisation
Ind-Ra revises SAIL outlook to negative from stable
Release time：Nov 25, 2019 From：admin
India Ratings and Research has revised its outlook for Steel Authority of India Limited said that to negative from stable while affirming its long-term issuer rating at IND AA minus. The outlook revision reflects a sharper-than-expected increase in SAIL's leverage risks for the current financial year and the uncertainty around financial deleveraging in FY21 to levels commensurate with the rating guidelines. These risks have emanated owing to weakening of operating performance as reflected in the EBITDA deterioration during H1 FY20, resulting from subdued market demand and inventory pile up. Ind-Ra expects margins to firm up in FI2 FY20 due to a fall in input prices and inventory normalization, resulting from growth in demand.
IndRa said that it will monitor recovery in profitability along with other measures in progress at SAIL to improve its operations and prevent deterioration in its financial risk profile.
Disclaimer: If this article is forwarded by the steel cat network, the copyright belongs to the original copyright holder.
If any copyright issues or other questions please contact: service@steelmall.com.cn
|
|
|
|
|
|
Copyright © 2017-2019 Steelmall Ltd.All Rights Reserved.
Success
Sure
